OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Statistics of Trade (Customs and Excise) Regulations 1992 (the Principal Regulations).

Intrastat is the regime established for the purposes of collecting Community statistics relating to the trading of goods between Member States. Intrastat is established by Regulation (EC) No 638/2004 of the European Parliament and of the Council (OJ No L 102, 7.4.04, p1) and implemented by Commission Regulation (EC) 1982/2004 (OJ No L 343, 19.11.04, p3). It is further implemented in the United Kingdom by the Principal Regulations.

Regulation 2 amends regulation 3(2) and 3(3) of the Principal Regulations to give the revised exemption thresholds.

An impact assessment concerning the increased threshold for arrivals information has been produced and can be found at http://www.hmrc.gov.uk/ria/091026-intrastat-simplification.pdf.